MOR Wealth Management LLC Takes Position in JPMorgan Equity Premium Income ETF $JEPI

MOR Wealth Management LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 81,550 shares of the company’s stock, valued at approximately $4,668,000. JPMorgan Equity Premium Income ETF comprises approximately 2.1% of MOR Wealth Management LLC’s portfolio, making the stock its 10th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. Clarity Asset Management Inc. bought a new position in JPMorgan Equity Premium Income ETF during the 2nd quarter worth approximately $25,000. Asset Dedication LLC acquired a new position in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter worth approximately $28,000. BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the 2nd quarter valued at $31,000. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth $33,000. Finally, VSM Wealth Advisory LLC increased its position in shares of JPMorgan Equity Premium Income ETF by 84.1% during the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock worth $34,000 after buying an additional 269 shares during the period.

JPMorgan Equity Premium Income ETF Price Performance

Shares of NYSEARCA JEPI opened at $55.55 on Monday. The company has a market capitalization of $40.94 billion, a PE ratio of 23.93 and a beta of 0.60. JPMorgan Equity Premium Income ETF has a twelve month low of $49.94 and a twelve month high of $59.90. The firm has a fifty day simple moving average of $58.31 and a 200 day simple moving average of $57.59.

JPMorgan Equity Premium Income ETF Profile

The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income. JEPI was launched on May 20, 2020 and is managed by JPMorgan.